Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Enphase Energy, Inc. (NASDAQ:ENPH)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 270,534 shares of the semiconductor company's stock, valued at approximately $18,580,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Enphase Energy at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. McGowan Group Asset Management Inc. boosted its position in shares of Enphase Energy by 2.0% during the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock valued at $1,145,000 after acquiring an additional 319 shares during the last quarter. GeoWealth Management LLC boosted its position in shares of Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 321 shares during the last quarter. Norinchukin Bank The boosted its position in shares of Enphase Energy by 6.0% during the 4th quarter. Norinchukin Bank The now owns 5,754 shares of the semiconductor company's stock valued at $395,000 after acquiring an additional 328 shares during the last quarter. Rafferty Asset Management LLC boosted its position in shares of Enphase Energy by 0.7% during the 4th quarter. Rafferty Asset Management LLC now owns 49,939 shares of the semiconductor company's stock valued at $3,430,000 after acquiring an additional 332 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Enphase Energy by 0.9% during the 4th quarter. Arizona State Retirement System now owns 39,318 shares of the semiconductor company's stock valued at $2,700,000 after acquiring an additional 336 shares during the last quarter. Institutional investors own 72.12% of the company's stock.

Insiders Place Their Bets

In other news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now directly owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the purchase, the chief executive officer now owns 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. The trade was a 0.25% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of recent research reports. BNP Paribas downgraded Enphase Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, May 13th. Redburn Atlantic initiated coverage on Enphase Energy in a research report on Monday, March 3rd. They issued a "neutral" rating for the company. Royal Bank of Canada restated a "sector perform" rating and issued a $54.00 target price (down previously from $59.00) on shares of Enphase Energy in a research report on Wednesday, April 23rd. Citigroup restated a "sell" rating and issued a $47.00 target price on shares of Enphase Energy in a research report on Thursday, April 17th. Finally, Glj Research dropped their target price on Enphase Energy from $50.69 to $31.11 and set a "sell" rating for the company in a research report on Friday, April 25th. Eleven analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $68.87.

Enphase Energy Stock Up 4.7%

ENPH traded up $1.84 during trading on Friday, reaching $41.08. The stock had a trading volume of 9,512,146 shares, compared to its average volume of 4,433,478. The stock's 50 day moving average is $49.64 and its two-hundred day moving average is $60.34. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 55.51 and a beta of 1.80. Enphase Energy, Inc. has a one year low of $37.59 and a one year high of $141.63.

Enphase Energy Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.